Find Buyer
Once you've marketed your property, the next step is to show it to interested buyers and negotiate the best terms, including price. This guide provides great advice for successful showings and effective negotiations. There are no For Sale By Owner solutions that can perform this step of the sales process on your behalf.
Why is this important?
A successful showing and negotiation is crucial for selling your property at the optimal terms and the best price. This is where you meet potential buyers face to face and have the opportunity to create the connection that leads to a sale.
Good preparation for showings and a well-thought-out negotiation strategy can make the difference between a quick sale at a good price and a prolonged process with disappointing offers.
Showings
A good showing is your opportunity to make a great impression and convince potential buyers that your property is the right choice for them. Prepare thoroughly and follow these tips.
Preparation for the showing
Make sure everything is ready before buyers arrive. The following checklist helps you prepare the property.
Tips for the showing
Highlight the best
Emphasize your property's best features. Open curtains for the view, showcase the new kitchen, and make sure all rooms are shown from their best angle.
Create a great first impression
The first seconds are crucial. Fix things that are broken and make sure the entrance is inviting with a clean mat, fresh flowers and good lighting.
Let buyers decide
Give buyers time and space to explore the property at their own pace. Offer to show around, but respect if they prefer to walk around themselves.
Be open and honest
Honesty and willingness to answer questions goes a long way. If buyers have questions you can't answer, write them down and follow up after the showing.
Follow up after the showing
Contact interested buyers within a few days. Ask if they have any additional questions, want to see the property again or what they're considering.
Learn from the showing
Ask for feedback from buyers who don't proceed. Use this knowledge to improve future showings or adjust your price.
Negotiation
When you've found interested buyers, the negotiation begins. A good negotiation strategy ensures you get the best price and terms for your sale. During negotiations, price, closing date, possible disposal date, items included and other relevant matters need to be agreed upon. If you have some points that are particularly important to you, you should focus on achieving these during negotiations, but you should have other points where you're willing to compromise to optimize the likelihood of reaching an agreement.
Tips for negotiation
Consider time on market
If the property has been for sale for a long time, it may indicate that the price is too high. Be prepared to adjust your price expectations if necessary.
Consider your deadlines
Do you need to move by a certain date? The more pressure you're under, the more flexible you need to be in negotiations.
Consider number of buyers
Multiple interested buyers strengthen your negotiating position. With only one interested buyer, you have less to negotiate with. Be more flexible the fewer buyers there are.
Decide minimum price
Know your pain threshold for price and terms before negotiations start. Be prepared to walk away if you can't reach an agreement.
Consider your options
What can you bring to the negotiating table beyond the usual, e.g. curtains, awning, lawn mower, vacuum cleaner or other things? Use this as a bargaining chip.
Be flexible
Offer something for something. If the buyer wants a reduction in price, offer a price between both parties but also offer something else, e.g. to accommodate their desired closing date.
What can we offer?
We're ready with a good preparation checklist and lots of great advice. However, we cannot negotiate on your behalf or show your property to potential buyers through a digital service.